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Expecting More to the Upside in the S&P 500 Thanks to the RDT MACDs

Nov 13, 2023

Hey there responsible day traders and welcome to another Monday of opportunity!  We can see quite clearly that this market has been working very hard to make the shift to the upside on the Daily chart.  It hasn’t quite made it to a placed where the direction has changed yet—but it is definitely working hard to make it happen! 📈

We have been expecting more to the upside as the EMAS on most of our charts have remained open and strong to the upside. 👆 We are highly aware of an area of resistance that is directly above us, so if the market decides to take a dive, this will be a leading component in this.  And of course, our RDT MACDs will give up the divergences and moves off the area to give us the head’s up before it happens.

So while we anticipate the market to open with more up—we will still need to be aware that there will be obstacles and know exactly what to do when we see the opportunities that lie ahead.  🚀  Don’t ignore the possibility for the market to pull back and create short moves—just know that we have a good chance for this to go up as the market is opening up for the week!

And with that, we’ll wrap up another week of the Monday Morning Rundown.  We do have another Houston Traders Meet and Greet coming up this weekend, so please check out the links on our FB page on below on the YouTube channel and we look forward to seeing your faces!  Have a fabulous week everyone and as always, you know that we look forward to catching YOU on the profitable side!  👊

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